PKF Q3 results for key Canadian markets

TORONTO — PKF's third quarter results show spectacular numbers for Vancouver, where occupancy was 78.5 per cent, ADR rose by 12.9 per centand RevPAR was 17.9 per cent higher than last year.

Vancouver had the best results among major Canadian markets in Q3 according to PKF.

Vancouver had the best results among major Canadian markets in Q3 according to PKF.

TORONTO — PKF's third quarter results show that overall in Canada, occupancy was down slightly, but ADR and RevPAR rose by 4.0 and 4.5 per cent respectively.

In Atlantic Canada, occupancy was down 1.5 per cent from the same quarter last year, while ADR was up by 0.1 per cent and RevPAR rose by 4.1 per cent.

In Greater Montreal, occupancy was up 1.7 per cent, ADR grew by 5.4 per cent and RevPAR rose a healthy 7.9 per cent.

Central Canada had an increase of 1.2 per cent in occupancy, while ADR rose by 5.7 per cent and RevPAR grew by 7.6 per cent. In Greater Toronto, occupancy grew by just 0.2 per cent, but ADR increased by 6.1 per cent, and RevPAR by 6.3 per cent.

Western Canada as a whole saw occupancy fall by 1.9 per cent, although ADR was up 4.5 per cent and RevPAR 1.6 per cent.

Greater Vancouver numbers were the best in the country, with 78.5 per cent occupancy, an increase of 3.3 per cent over last year's numbers. ADR rose by 12.9 per cent, and RevPAR by 17.9 per cent.